Facebook is known for it´s incredible success. With over 1.71 billion monthly active users and 1.13 billion daily active users was it the most valuable platform in the internet. Facebook boasts 1.57 billion mobile monthly active users and 1.03 million mobile daily active users, on average. The stats were rising since 2004 and there wasn´t any sign to stop until a company came called Tencent.
For the first time, an Asian company surpasses the stock market value of half a billion dollars. With that, the internet giant Tencent is bigger than Facebook and plans billions in investments. The rise in the share price drove market capitalization in Hong Kong to a new high of more than $ 522 billion this Tuesday. Tencent is therefore the first Asian company to break the $ half trillion mark. I was shocked when I read these news because I have never heard of Tencent before and it already surpassed a milestone. The world's largest Internet network from Silicon Valley came last to around $ 519 billion...
Tencent is mostly known in Asia and operates, among other things, a Facebook counterpart, various web portals and the messenger service WeChat. WeChat had nearly 900 million users in the fourth quarter of 2016. The mobile application app was a huge success in China and still is in whole Asia.
But Tencent has not only rested on the messaging service. They invented their own online payment system as well. The group surprised in the last quarter with a jump in sales of 61 percent to the equivalent of 8.3 billion euros. Tencent is like the big competition Alibaba mainly present in Southeast Asia...
The company made successful headlines last year. They bought the Finnish game company Supercell for 8.6 billion dollars. Since then Tencent aims to publish popular novels through its e-book platform China Literature and then adapt it for video games. The Shenzhen-based company plans to spend 1.5 billion dollars on creative content over the next few years. At the same time, Tencent plans to offer its online payment system abroad for the first time in 2018. The first test market should become Malaysia. More markets will follow...
Sure these social medias are rising but I am believing in blockchain and it´s technology. People are inventing and creating so many incredible projects in the crypto world that are way more than just a people connecting platform.
But since we are talking about Tencent which is now worth more than facebook, I havent mentioned yet that BTC exploded and just surpassed Mcdonald´s market cap! What a time to be alive...
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Love, Soldier